The open TON Community has been supporting and developing it ever since. TON was built to be fast and inexpensive to use in a simple and scalable way.
Digital asset-focused market maker DWF Labs has become a prominent supporter of the TON ecosystem.
DWF Labs is committed to supporting the TON Foundation’s Open Network with investment, token development, market creation, and exchange listing under the new partnership.
The Durov brothers, the founders of Telegram, created a third-generation proof-of-stake blockchain in 2018 based on the Open Network design.
TON was built for fast and cheap transactions in a simple and scalable way. Later, it was handed over to the open TON Community, which has been supporting and developing it ever since.
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In three months, DWF Labs plans to double TONcoin’s trading volume.
50 seed investments worth $10 million are planned over the next 12 months to support the TON ecosystem. All 50 seed investments are designed to accelerate the growth of TON and its projects.
The TON ecosystem is expected to increase the number of TONcoin participants by improving the coin’s volume across supporting platforms. The trading volume of $20 million is expected to double within the first three months of the partnership with DWF Labs.
DWF Labs is planning to set up an OTC market to increase the volume of larger transactions.
DWF Labs operates in Singapore, Switzerland, South Korea, the BVI, and the UAE, and pairs trade nearly 2,000 times.
Telegram’s wallet bot now enables the creation of P2P cryptocurrency markets
DWF Labs Before joining DWF Labs, TON Foundation partnered with Huobi Group and KuCoin Ventures to boost the ecosystem’s expansion. Before being added, TON Sites and TON proxies were both utilized by TON Foundation to unlock the future of a decentralized internet.
Independent TON developers have recently released an update of the @wallet bot in Telegram, which enables the creation of a P2P cryptocurrency marketplace. In addition, Telegram recently launched a tokenized username marketplace built on the TON blockchain.